Tribune
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PM for speedy completion of solar energy projects | The Express Tribune
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[ad_1] LAHORE: Prime Minister Shehbaz Sharif on Sunday directed the speedy completion of solar and wind energy projects and said it was a priority of the government to encourage the production of electricity through renewable energy sources. While chairing a meeting on renewable energy here, the premier underscored that renewable sources would produce low-cost and…
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What has Pakistan agreed with IMF? | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has agreed with the International Monetary Fund on the conditions to release $1.1 billion in critical funding, Finance Minister Ishaq Dar said on Friday, adding that the payout was delayed due to “routine procedures”. Below are the key points Pakistani authorities say they have already reached agreement on with the IMF: The…
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Haining extends energy partnerships | The Express Tribune
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[ad_1] BEIJING: The Deputy Director of Economic Development Office of Zhouwangmiao, Haining City of China, Jin Hongxian, on Saturday, proposed collaboration and technical exchange with Pakistan in the energy sector. Addressing a business matchmaking meeting between Haining and Pakistani technology companies, Hongxian said, “Haining city has a number of advanced photovoltaic energy storages and other…
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Rs170b mini-budget on the cards | The Express Tribune
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[ad_1] Pakistan has agreed to impose new taxes to recover an additional Rs170 billion revenue, including through 1% increase in the General Sales Tax (GST) rate, in just four months. This would in addition to withdrawal of unbudgeted power subsidies for farmers as well as exporters to meet the conditions of the International Monetary Fund…
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12% YoY decrease in earnings on cotton | The Express Tribune
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[ad_1] KARACHI: The agriculture sector is experiencing a shift in crop yields and income following the recent floods and support price adjustments. Wheat, sugarcane, and basmati rice are expected to see a rise in income per acre, but cotton crops have suffered damage. According to Engro Fertilisers Limited’s (EFERT) corporate briefing session for the fourth…
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Govt plans crackdown against fuel hoarders | The Express Tribune
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[ad_1] ISLAMABAD/LAHORE: In view of the brewing fuel crisis in the country, the federal government has mandated the administrative authorities and law enforcement agencies to launch a crackdown against the hoarders who have been creating an artificial shortage of the petroleum products amid expectations of hike in their prices next week. The Federal Investigation…
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ECC expected to approve raise in prices of 150 drugs | The Express Tribune
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[ad_1] ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is expected to approve an increase in the prices of 150 medicines and decrease in the rates of 20 drugs. The committee, which will meet under the chairmanship of Finance Minister Ishaq Dar on Friday (today) will mull over a 10-point agenda. The ECC will…
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Dar ‘confident’ about matters with IMF | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar on Thursday was confident that matters will be settled with the International Monetary Fund (IMF) and said that the people will soon hear “good news”. The minister made the remarks during his brief interaction with media persons at the concluding ceremony for the Road Safety Conference for Parliamentarians in…
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OGRA locates points of petrol hoarding | The Express Tribune
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[ad_1] ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has identified 19 illegal storage points and warehouses located in Punjab that have been used to dump and store petroleum products to make inventory gains by hoarders and black marketers. In a letter sent to the Punjab chief secretary, the regulator said that the illegal storages…
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‘FBR should focus on tax-evading sectors’ | The Express Tribune
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[ad_1] As Pakistan grapples with one of the worst economic crises of its history, the country’s policymakers and tax authorities are focusing their energy on collecting the maximum amount of tax from the existing taxpayers, instead of focusing evaders and on the collection of Gas Infrastructure Development Cess (GIDC). According to data released by the…
